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TVI Pacific Announces Award of Exploration Licence in Chinese Golden Triangle

October 10, 2007

- Exploration Licence Area on Strike From Producing Third-Party Mine

- Confirms TVI's Wholly Foreign Owned Enterprise Can be Awarded Exploration Rights in China

CALGARY, ALBERTA--(Marketwire - Oct. 10, 2007) - TVI Pacific Inc. (TSX:TVI) (the "Company") announced today that the Ministry of Land and Resources in Beijing has awarded an exploration licence to TVI's wholly-owned subsidiary, Hunan Pacific Geological Exploration Inc. ("HPGEI"). The 5.23 square kilometre exploration licence is located within the Golden Triangle region of south-west China. The Golden Triangle is a metallogenic province hosting many Carlin-style gold deposits, including Sino Gold's Jinfeng (Lannigou) deposit, where production has now started. HPGEI has approximately 2,400 square kilometres of land under application in China in the Golden Triangle and in the Tibet Autonomous Region.

The exploration licence is along strike from a small producing mine where a stratabound, replacement, Carlin-style gold mineralisation target horizon has been identified. This mine operates under a mining licence that is adjacent to HPGEI's exploration licence. The producing mine hosts a drill target and HPGEI has signed a letter of intent with the mine owners to negotiate the joint exploration and development of the mine.

"TVI believes that the lands covered by this exploration licence are geologically prospective, with potential for a Carlin-style discovery," said TVI Pacific Inc. CEO, Cliff James. "The receipt of the exploration licence demonstrates that foreign-owned companies in China, including TVI's Wholly Foreign Owned Enterprise, can be awarded exploration rights as well as Chinese companies."

TVI believes that the newly granted exploration licence and its Wholly Foreign Owned Enterprise status add value to its portfolio of exploration prospects in China. TVI is currently reviewing strategic options regarding its exploration activities in China and has received several expressions of interest regarding HPGEI and its exploration prospects.

Technical discussion

HPGEI geologists have identified both Carlin and epithermal vein-style gold mineralisation on the exploration licence. The gold mineralisation within the area is mainly of Carlin, replacement style. It is hosted in a favourable stratigraphic horizon that represents the main target in the area. The most important gold mineralisation lies within a 30-meter thick stratabound lens of altered and mineralised calcareous sandstone and breccia, in contact with an unaltered, barren, limestone unit. Strike and dip extensions to the mineralisation have been identified and determined the siting of the exploration licence. The local presence of epithermal, vein-style gold and the particularly widespread distribution of silicified calcareous units or "jasperoids", are geologically anomalous for this metallogenic province, and represent a second type of exploration target within the area covered by the exploration licence.

The exploration licence is in an area along strike from a producing underground mine, and HPGEI's systematic channel sampling at uniform one-metre intervals has returned results considered encouraging by TVI. Prior to filing the exploration licence application in 2005, HPGEI collected 61 channel samples. Results ranged from 0.01 grams per tonne ("gpt") to 13.6 gpt gold ("Au") with an average of 1.95 gpt Au. This release should be read in conjunction with the release issued on August 10, 2005, "TVI Pacific's Chinese Subsidiary Files Exploration Licence Applications to Secure Potential Along Strike Extensions to Drill - Target in the Golden Triangle."

Results from 53 composite channel samples, taken from the target horizon, averaged 2.25 gpt Au and include the following:

- 8m @ 7.4 gpt Au across a silica-clay-pyrite altered calcareous sandstone inside the main adit to the small underground operation.

- 9m @ 2.85 gpt Au across the same silica-clay-pyrite altered calcareous sandstone unit located approximately 5m stratigraphically higher than the first channel, above the main adit.

- 8m @ 3.47 gpt Au across an inferred, altered and mineralised subvertical structure 5m wide.

Readers are invited to consult the maps associated with this news release (posted on TVI's website, at tvi2014.q4web.com) for the location of the exploration licence as well as the location of samples.

The small producing mine adjacent to the lands covered by the HPGEI exploration licence operates under a mining licence allowing the licence holder to mine up to 50 tonnes per day. TVI has been advised that an application can be made to increase these levels as discoveries are made and the reserve/resource base increases.

About TVI Pacific Inc. (TSX:TVI)

TVI Pacific Inc. is a publicly traded Canadian mining company focused on exploring for and producing precious and base metals within district scale systems in the Philippines and other Asian countries. TVI holds its interest in the Canatuan Mine and its other Philippine assets through its affiliate, TVI Resource Development (Phils.) Ltd. ("TVIRD"). TVI's most advanced project, the Canatuan Mine, currently produces gold and silver dore.

In 2006, TVIRD received a completed NI 43-101 feasibility study on the Canatuan sulphide project prepared by Norwest Corporation. The report has been filed with certain securities regulatory authorities in Canada and is available through the SEDAR website at www.sedar.com. The Canatuan sulphide project includes a copper-zinc bearing massive sulphide zone underlying the gossan zone currently being mined at Canatuan. Construction activities for the sulphide project, including engineering and dam construction, are underway and TVI plans to be in production in mid-2008. The Company is currently arranging financing for the sulphide project.

TVIRD also holds a 2.5% net smelter royalty on the Philippine-based Rapu Rapu project operated by Lafayette Mining Ltd. as well as other significant land positions in the Philippines. TVIRD is focusing its exploration efforts on expanding the mineral resource base near the Canatuan Mine and on the Balabag project, for which TVI recently released a resource estimate that has been filed on SEDAR.

TVI's drilling business operates a fleet of 21 drill rigs, providing contract drilling services to TVI's exploration projects and to third parties. The drilling business provides TVI with priority access to drilling equipment at low costs and the opportunity to generate cash flow from third party contracts.

Glenn Sheldon, President of HPGEI and AUSIMM member, is serving as TVI's "Qualified Person" for purposes of National Instrument 43-101 - Standards of Disclosure for Mineral Deposits ("NI-43-101") on this project and has reviewed this News Release and verified the data set out herein. Mr. Sheldon is a geologist and has more than 15 years of relevant experience in the metalliferous mining and exploration industry.

All samples collected were a minimum weight of 2 kg. All samples were sent complete to the Northwest Nonferrous Geological Research Institute Laboratory in Xian City, Shaanxi, China. This laboratory has international ISO9001-2000 and domestic GB/T19002-2000 accreditation and was the same laboratory used by Sino Gold Limited for the Jinfeng (Lannigou) resource drilling campaign in 2003 and 2004. All sample preparation was conducted at this laboratory. A 50 gm pulp was prepared for each sample and fire assay used for the decomposition pre-treatment with the final determination conducted by AAS/ICP-MS. Standards, duplicates and blanks were used for all batches and all returned values within reasonable limits.

Certain information set out in this News Release constitutes forward-looking information. Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "estimate", "expect", "may", "will", "intend", "could", "might", "should", "believe" and similar expressions. Forward-looking statements are based upon the opinions and expectations of management of the Company, as at the effective date of such statements and, in certain cases, information provided or disseminated by third parties. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, and that information obtained from third party sources is reliable, it can give no assurance that those expectations will prove to have been correct. Forward-looking statements are subject to certain risks and uncertainties (known and unknown) that could cause actual outcomes to differ materially from those anticipated or implied such forward-looking statements. These factors include, but are not limited to, such things as the volatility of prices for precious metals and base metals, commodity supply and demand, fluctuations in currency and interest rates, inherent risks associated with the exploration and development of mining properties, ultimate recoverability of mineral reserves, timing, results and costs of exploration and development activities, availability of financial resources or third-party financing, new laws (domestic or foreign), changes in administrative practices and changes in exploration plans or budgets. Accordingly, readers should not place undue reliance upon the forward-looking statements contained in this News Release and such forward-looking statements should not be interpreted or regarded as guarantees of future outcomes. Forward-looking information respecting the anticipated timing of negotiations with the owners of the mine adjacent to the HPGEI exploration licence (respecting joint exploration and development of such mine) is based upon the letter of intent signed with the third-party mine owners and discussions to date with the third-party mine owners.
Forward-looking information respecting the anticipated timing of production from the sulphide zone underlying the gossan reserves at Canatuan, is based upon the status of the Company's efforts to obtain financing for the sulphide project, the status of TVIRD's program to source equipment for the expansion of the Canatuan mine, progress made to date in the construction of the sulphide plant at Canatuan, management's experiences with the construction of the gossan processing facility at Canatuan, the current business plan developed by the Company and the Company's current budget and overall strategy for the Canatuan mine, which plans, budget and strategy are all subject to change. The forward-looking statements of the Company contained in this News Release are expressly qualified, in their entirety, by this cautionary statement. Various risks to which the Company is exposed in the conduct of its business are described in detail in the Company's Annual Information Form for the year ended December 31, 2006, which was filed on SEDAR on March 29, 2007 and is available under the Company's profile at www.SEDAR.com. Subject to applicable securities laws, the Company does not undertake any obligation to publicly revise the forward-looking statements included in this News Release to reflect subsequent events or circumstances.

The Toronto Stock Exchange has neither approved nor disapproved of the information contained herein.

For more information, please contact

TVI Pacific Inc.
Clifford M. James
President and CEO
(403) 265-4356

or

TVI Pacific Inc.
Paul Moon
Director, Corporate Communications
(403) 265-4356
(403) 264-7028 (FAX)
Email: tvi-info@tvipacific.com
Website: tvi2014.q4web.com